RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of THG
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Green day on Wednesday for The Hanover Insurance Group Inc stock after gaining 1.02%
(Updated on May 01, 2024)

Sell candidate since Apr 25, 2024 Loss -0.15% PDF

The The Hanover Insurance Group Inc stock price gained 1.02% on the last trading day (Wednesday, 1st May 2024), rising from $129.82 to $131.15. During the last trading day the stock fluctuated 2.03% from a day low at $129.64 to a day high of $132.28. The price has risen in 6 of the last 10 days and is up by 3.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 202 thousand shares were bought and sold for approximately $26.53 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.05% during the next 3 months and, with a 90% probability hold a price between $122.32 and $132.34 at the end of this 3-month period.

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THG Signals & Forecast

The The Hanover Insurance Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $131.18. On a fall, the stock will find some support from the long-term average at approximately $130.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 7.42% to $140.88 within 21 trading days since signal was issued (Thursday, May 02, 2024).

Support, Risk & Stop-loss for The Hanover Insurance Group Inc stock

The Hanover Insurance Group Inc finds support from accumulated volume at $131.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.64 between high and low, or 2.03%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (THG) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect The Hanover Insurance Group Inc to open at $131.02, and during the day (based on 14 day Average True Range), to move between $128.82 and $133.48, which gives a possible trading interval of +/-$2.33 (+/-1.78%) up or down from last closing price. If The Hanover Insurance Group Inc takes out the full calculated possible swing range there will be an estimated 3.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $131.02 (0.10%) than the resistance at $133.15 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Hanover Insurance Group Inc stock A Buy?

The Hanover Insurance Group Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.193 Sell Candidate Unchanged

Predicted Opening Price for The Hanover Insurance Group Inc of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$131.02 ( 0.0979%) $131.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for THG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 133.66 1.91 %
R2 132.65 1.14 %
R1 132.03 0.670 %
Current price: 131.15
Support S1 130.02 -0.87 %
S2 129.39 -1.34 %
S3 128.39 -2.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 136.17 3.83 %
R2 133.52 1.81 %
R1 133.15 1.52 %
Current price 131.15
Support S1 131.02 -0.0991%
S2 127.52 -2.77%
S3 126.31 -3.69%

THG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 26, 2024 Mar 14, 2024 Mar 29, 2024 $0.85 0.624%
2 Dec 04, 2023 Dec 14, 2023 Dec 29, 2023 $0.85 0.700%
3 Sep 05, 2023 Sep 14, 2023 Sep 29, 2023 $0.81 0.730%
4 Jun 06, 2023 Jun 15, 2023 Jun 30, 2023 $0.81 0.717%
5 Feb 27, 2023 Mar 14, 2023 Mar 31, 2023 $0.81 0.630%

FAQ

What is the symbol for The Hanover Insurance Group Inc Stock and on which exchange is it traded?
The symbol for The Hanover Insurance Group Inc is THG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell The Hanover Insurance Group Inc Stock?
The Hanover Insurance Group Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy The Hanover Insurance Group Inc Stock?
The Hanover Insurance Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Hanover Insurance Group Inc Stock.

What's the current price of The Hanover Insurance Group Inc Stock?
As of the end of day on the May 01, 2024, the price of an The Hanover Insurance Group Inc (THG) share was $131.15.

What is the 52-week high and low for The Hanover Insurance Group Inc Stock?
The 52-week high for The Hanover Insurance Group Inc Stock is $138.00 and the 52-week low is $103.83.

What is the market capitalization of The Hanover Insurance Group Inc Stock?
As of the May 01, 2024, the market capitalization of The Hanover Insurance Group Inc is 4.65B.

When is the next earnings date for The Hanover Insurance Group Inc?
The upcoming earnings date for The Hanover Insurance Group Inc is Aug 07, 2024.
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About The Hanover Insurance Group Inc

The Hanover Insurance Group The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty indust... THG Profile

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